Chainlink's CRE Connects Wall Street to Blockchain

Chainlink's Chief Business Officer Johann Eid reflects on the company's decision to connect existing financial systems to blockchains, rather than rebuilding finance from scratch. In an interview with Genfinity, Eid notes that Chainlink took this path in 2018, when it was 'the niche within the niche.' The choice has paid off, with $33.34 trillion in cumulative transaction value and $48.32 billion in total value secured on Chainlink's network.

Eid credits Chainlink's Runtime Environment (CRE), which connects institutional business logic to blockchains, for facilitating this growth. He notes that banks and market infrastructures run complex workflows built over decades, making it necessary to connect these systems to blockchain technology.

The success of CRE is evident in the adoption by DTCC, which has confirmed its use for the Collateral AppChain. Eid emphasizes that Chainlink's approach offers security by default, with node operators spanning multiple jurisdictions and profiles, including staking providers and banks. This design also reduces the liability burden on developers.