Chainlink has launched the Chainlink Runtime Environment (CRE), a new platform enabling institutions to deploy smart contracts across public and private blockchains. Announced at Chainlink’s SmartCon, CRE integrates compliance, privacy, and data tools, aiming to serve as core infrastructure for financial institutions transitioning to blockchain. Major entities like Swift, Euroclear, UBS, and Mastercard are adopting CRE to capitalize on the $867 trillion tokenization market. CRE offers a unified environment for developing cross-blockchain smart contracts, supporting legacy financial standards like ISO 20022 and regulatory compliance. It also provides access to Chainlink's services, including price feeds and proof-of-reserve systems. Notable implementations include JPMorgan’s Kinexys and Ondo's cross-chain settlement and UBS Tokenize's on-chain fund redemption. Chainlink plans to introduce privacy features in 2026, enhancing data security for institutional users.