diff --git a/CHANGELOG.md b/CHANGELOG.md
index c2255350f93..80a1382ccd1 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -20,6 +20,7 @@
 * Improved performance of RQL queries on a non-linked string property using `>`, `>=`, `<`, `<=` operators and fixed behavior that a null string should be evaluated as less than everything, previously nulls were not matched. ([realm/realm-core#3939](https://github.com/realm/realm-core/issues/3939))
 * Added support for using aggregate operations on Mixed properties in queries. ([realm/realm-core#7398](https://github.com/realm/realm-core/pull/7398))
 * Improved file compaction performance on platforms with page sizes greater than 4k (for example arm64 Apple platforms) for files less than 256 pages in size. ([realm/realm-core#7492](https://github.com/realm/realm-core/pull/7492))
+* Added a static `Realm.shutdown()` method, which closes all Realms, cancels all pending `Realm.open` calls, clears internal caches, resets the logger and collects garbage. Call this method to free up the event loop and allow Node.js to perform a graceful exit. ([#6571](https://github.com/realm/realm-js/pull/6571), since v12.0.0)
 
 ### Fixed
 * Aligned Dictionaries to Lists and Sets when they get cleared. ([#6205](https://github.com/realm/realm-core/issues/6205), since v10.3.0-rc.1)
diff --git a/integration-tests/tests/src/node/clean-exit.ts b/integration-tests/tests/src/node/clean-exit.ts
index 95ad5d0a28f..d520815b92a 100644
--- a/integration-tests/tests/src/node/clean-exit.ts
+++ b/integration-tests/tests/src/node/clean-exit.ts
@@ -16,16 +16,49 @@
 //
 ////////////////////////////////////////////////////////////////////////////
 
-import { execSync } from "child_process";
+import { execFileSync } from "node:child_process";
+import fs from "node:fs";
+import path from "node:path";
+import os from "node:os";
+import { assert } from "chai";
+import module from "node:module";
 
-describe("Clean exit for Node.js scripts", function () {
+const require = module.createRequire(import.meta.url);
+const realmPackagePath = require.resolve("realm");
+assert(realmPackagePath, "Expected to resolve Realm package");
+
+function expectCleanExit(source: string, timeout: number) {
+  execFileSync(process.execPath, ["--eval", source], {
+    timeout,
+    cwd: fs.mkdtempSync(path.join(os.tmpdir(), "realm-exit-test-")),
+    stdio: "inherit",
+    env: {
+      REALM_PACKAGE_PATH: realmPackagePath,
+    },
+  });
+}
+
+describe("clean exits in Node.js", function () {
   // Repro for https://github.com/realm/realm-js/issues/4535 - currently still failing
-  it.skip("exits cleanly when creating a new Realm.App", function (this: RealmContext) {
-    execSync(
-      `node -e 'const Realm = require("realm"); const app = new Realm.App({ id: "myapp-abcde" }); Realm.clearTestState();'`,
-      {
-        timeout: Math.min(this.timeout(), 5000),
-      },
+  it("exits when creating Realm", function (this: RealmContext) {
+    expectCleanExit(
+      `
+        const Realm = require(process.env.REALM_PACKAGE_PATH);
+        const realm = new Realm();
+        Realm.shutdown();
+      `,
+      Math.min(this.timeout(), 5000),
+    );
+  });
+
+  it("exits when creating Realm.App", function (this: RealmContext) {
+    expectCleanExit(
+      `
+        const Realm = require(process.env.REALM_PACKAGE_PATH);
+        new Realm.App({ id: "myapp-abcde" });
+        Realm.shutdown();
+      `,
+      Math.min(this.timeout(), 5000),
     );
   });
 });
diff --git a/integration-tests/tests/src/setup-globals.ts b/integration-tests/tests/src/setup-globals.ts
index 780a5efb155..246c9ef75d9 100644
--- a/integration-tests/tests/src/setup-globals.ts
+++ b/integration-tests/tests/src/setup-globals.ts
@@ -74,3 +74,7 @@ const { defaultLogLevel = "off" } = environment;
 Realm.setLogLevel(defaultLogLevel);
 
 Realm.flags.THROW_ON_GLOBAL_REALM = true;
+
+after(() => {
+  Realm.shutdown();
+});
diff --git a/packages/realm/bindgen/vendor/realm-core b/packages/realm/bindgen/vendor/realm-core
index 374dd672af3..cd53bc85008 160000
--- a/packages/realm/bindgen/vendor/realm-core
+++ b/packages/realm/bindgen/vendor/realm-core
@@ -1 +1 @@
-Subproject commit 374dd672af357732dccc135fecc905406fec3223
+Subproject commit cd53bc85008b7dc963363e3b11862c0db90fe8f0
diff --git a/packages/realm/src/ProgressRealmPromise.ts b/packages/realm/src/ProgressRealmPromise.ts
index 3d58faf5ebb..2164013b133 100644
--- a/packages/realm/src/ProgressRealmPromise.ts
+++ b/packages/realm/src/ProgressRealmPromise.ts
@@ -69,7 +69,6 @@ export class ProgressRealmPromise implements Promise<Realm> {
    * @internal
    */
   public static cancelAll() {
-    assert(flags.ALLOW_CLEAR_TEST_STATE, "Set the flags.ALLOW_CLEAR_TEST_STATE = true before calling this.");
     for (const promiseRef of ProgressRealmPromise.instances) {
       promiseRef.deref()?.cancel();
     }
diff --git a/packages/realm/src/Realm.ts b/packages/realm/src/Realm.ts
index b0d047247e9..f66e5d7373c 100644
--- a/packages/realm/src/Realm.ts
+++ b/packages/realm/src/Realm.ts
@@ -59,6 +59,7 @@ import {
   flags,
   fromBindingRealmSchema,
   fs,
+  garbageCollection,
   normalizeObjectSchema,
   normalizeRealmSchema,
   toArrayBuffer,
@@ -175,12 +176,10 @@ export class Realm {
   }
 
   /**
-   * Clears the state by closing and deleting any Realm in the default directory and logout all users.
-   * NOTE: Not a part of the public API and it's primarily used from the library's tests.
-   * @private
+   * Closes all Realms, cancels all pending {@link Realm.open} calls, clears internal caches, resets the logger and collects garbage.
+   * Call this method to free up the event loop and allow Node.js to perform a graceful exit.
    */
-  public static clearTestState(): void {
-    assert(flags.ALLOW_CLEAR_TEST_STATE, "Set the flags.ALLOW_CLEAR_TEST_STATE = true before calling this.");
+  public static shutdown() {
     // Close any realms not already closed
     for (const realmRef of Realm.internals) {
       const realm = realmRef.deref();
@@ -193,6 +192,18 @@ export class Realm {
     binding.App.clearCachedApps();
     ProgressRealmPromise.cancelAll();
 
+    binding.Logger.setDefaultLogger(null);
+    garbageCollection.collect();
+  }
+
+  /**
+   * Clears the state by closing and deleting any Realm in the default directory and logout all users.
+   * NOTE: Not a part of the public API and it's primarily used from the library's tests.
+   * @private
+   */
+  public static clearTestState(): void {
+    assert(flags.ALLOW_CLEAR_TEST_STATE, "Set the flags.ALLOW_CLEAR_TEST_STATE = true before calling this.");
+    Realm.shutdown();
     // Delete all Realm files in the default directory
     const defaultDirectoryPath = fs.getDefaultDirectoryPath();
     fs.removeRealmFilesFromDirectory(defaultDirectoryPath);
diff --git a/packages/realm/src/platform.ts b/packages/realm/src/platform.ts
index 92c3f1377bd..ed6de8360c3 100644
--- a/packages/realm/src/platform.ts
+++ b/packages/realm/src/platform.ts
@@ -26,3 +26,5 @@ export { fs } from "./platform/file-system";
 export { network } from "./platform/network";
 /** @internal */
 export { syncProxyConfig } from "./platform/sync-proxy-config";
+/** @internal */
+export { garbageCollection } from "./platform/garbage-collection";
diff --git a/packages/realm/src/platform/garbage-collection.ts b/packages/realm/src/platform/garbage-collection.ts
new file mode 100644
index 00000000000..c849ffeb423
--- /dev/null
+++ b/packages/realm/src/platform/garbage-collection.ts
@@ -0,0 +1,27 @@
+////////////////////////////////////////////////////////////////////////////
+//
+// Copyright 2024 Realm Inc.
+//
+// Licensed under the Apache License, Version 2.0 (the "License");
+// you may not use this file except in compliance with the License.
+// You may obtain a copy of the License at
+//
+// http://www.apache.org/licenses/LICENSE-2.0
+//
+// Unless required by applicable law or agreed to in writing, software
+// distributed under the License is distributed on an "AS IS" BASIS,
+// WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+// See the License for the specific language governing permissions and
+// limitations under the License.
+//
+////////////////////////////////////////////////////////////////////////////
+
+type ShutdownType = { collect: () => void };
+
+export const garbageCollection: ShutdownType = {
+  collect() {},
+};
+
+export function inject(value: ShutdownType) {
+  Object.freeze(Object.assign(garbageCollection, value));
+}
diff --git a/packages/realm/src/platform/node/garbage-collection.ts b/packages/realm/src/platform/node/garbage-collection.ts
new file mode 100644
index 00000000000..403c81ba083
--- /dev/null
+++ b/packages/realm/src/platform/node/garbage-collection.ts
@@ -0,0 +1,32 @@
+////////////////////////////////////////////////////////////////////////////
+//
+// Copyright 2024 Realm Inc.
+//
+// Licensed under the Apache License, Version 2.0 (the "License");
+// you may not use this file except in compliance with the License.
+// You may obtain a copy of the License at
+//
+// http://www.apache.org/licenses/LICENSE-2.0
+//
+// Unless required by applicable law or agreed to in writing, software
+// distributed under the License is distributed on an "AS IS" BASIS,
+// WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+// See the License for the specific language governing permissions and
+// limitations under the License.
+//
+////////////////////////////////////////////////////////////////////////////
+
+import v8 from "node:v8";
+import vm from "node:vm";
+
+import { inject } from "../garbage-collection";
+
+inject({
+  collect() {
+    // Ensure we have the gc function available
+    v8.setFlagsFromString("--expose_gc");
+    const gc = vm.runInNewContext("gc");
+    // Garbage collect
+    process.nextTick(gc);
+  },
+});
diff --git a/packages/realm/src/platform/node/index.ts b/packages/realm/src/platform/node/index.ts
index 1ff57402ff0..ecaf4eca957 100644
--- a/packages/realm/src/platform/node/index.ts
+++ b/packages/realm/src/platform/node/index.ts
@@ -21,6 +21,7 @@ import "./fs";
 import "./device-info";
 import "./sync-proxy-config";
 import "./custom-inspect";
+import "./garbage-collection";
 
 import { Realm } from "../../Realm";
 export = Realm;