Omnity Network

Omnity Network is a cross-chain infrastructure platform that routes Bitcoin native assets—BTC, Runes tokens, and BRC20 tokens—to and from Solana, ICP, Ethereum, TON, Sui, Osmosis, and more than a dozen additional chains without relying on wrapped assets, custodial bridges, or off-chain intermediaries.

From Octopus to Omnity

Omnity Network traces its origins to Octopus Network, a cross-chain framework built on the NEAR Protocol. In April 2024, coinciding with the Bitcoin halving, the project rebranded as Omnity Network and pivoted to Bitcoin interoperability on the Internet Computer Protocol (ICP). The team—approximately 24 people, headquartered in Takamaka, Seychelles—retained their existing $OCT token and GitHub organization (octopus-network) while reorienting the entire product line around bringing Bitcoin liquidity and functionality to a multi-chain world.

The Core Problem

Bitcoin holds the largest market capitalization of any cryptocurrency, but its base layer offers no native smart contract environment. Moving Bitcoin value to DeFi ecosystems has traditionally meant wrapping BTC into synthetic representations—introducing custodial risk and trust assumptions. The Bitcoin Runes protocol, launched in 2024 alongside Ordinals, created a new fungible token standard on Bitcoin's UTXO layer—but these assets remained siloed on-chain with no access to DeFi applications elsewhere.

Omnity's thesis is that Bitcoin should be the liquidity backbone of a multi-chain future, with its assets accessible on whichever execution environment a developer or user prefers, without sacrificing custody or introducing centralized intermediaries.

Omnity Hub: Cross-Chain Asset Routing

The foundational product is Omnity Hub, a smart contract (canister) deployed on the Internet Computer. The Hub operates a hub-and-spoke model that distinguishes between settlement chains and execution chains:

Settlement chains—ICP, Solana, Dogecoin, and Bitcoin (for Runes)—where finality is anchored. Execution chains—TON, ICP, Solana, EVM-compatible networks, and CosmWasm chains—where applications consume routed assets.

Rather than wrapping assets into synthetic forms, the Hub uses ICP's Chain Fusion technology and chain-key cryptography to enable canisters to directly hold, receive, and send native BTC on the Bitcoin mainnet. This eliminates third-party bridge contracts and replaces them with threshold signature schemes managed by the ICP subnet. Verifiable light clients provide state proofs across connected chains, supporting Runes, fungible BTC, BRC20 tokens, ICRC tokens (ICP's fungible token standard), Solana SPL tokens, and Dogecoin assets.

As of early 2025, Omnity Hub connects to 18 blockchains, including Solana, Ethereum, Base, Bitlayer, Bitfinity, Core, Sui, and Osmosis. Projects including odin.fun and several BTCFi teams have integrated Omnity Hub to route Bitcoin Runes and BTC cross-chain.

REE: Bitcoin Programmability Without Bridging

In February 2025, Omnity launched its second major product: REE (Runes Exchange Environment), the first Bitcoin programmability expansion protocol. Where Omnity Hub moves assets across chains, REE enables smart contract logic to execute directly against Bitcoin's native UTXO and Runes layer—without requiring users to bridge or wrap anything.

REE's core innovation is Decentralized PSBT Signing (DPS). A Partially Signed Bitcoin Transaction (PSBT) allows multiple parties to contribute signatures to a transaction before it is finalized and broadcast. REE coordinates this process through an Orchestrator canister on ICP that manages the full transaction lifecycle: collecting signatures from participants, validating UTXOs, handling confirmations, and executing rollbacks on failure. The result is Turing-complete programmability on Bitcoin without users ever giving up custody of their assets or depositing funds into a platform.

Key properties of REE applications: Users hold Bitcoin Runes in their own Bitcoin wallets throughout. No deposits, withdrawals, bridges, wrapped assets, or off-chain software are required. Multiple transactions can be batched within a single Bitcoin block. Taproot and SegWit support is exposed through developer APIs.

RichSwap: Bridgeless Runes DEX

The flagship REE application is RichSwap, an automated market maker (AMM) DEX for Bitcoin Runes. RichSwap lets traders swap Runes directly on the Bitcoin mainnet with second-level settlement times, without depositing to a centralized exchange, wrapping assets, or connecting to a sidechain. Liquidity providers interact natively through standard Bitcoin wallets.

The combination of REE and RichSwap represents a meaningful milestone: DeFi primitives operating directly on Bitcoin Layer 1, matching the security assumptions of Bitcoin itself rather than a bridged derivative.

Ecosystem Applications

Omnity's REE framework is open to third-party developers. Tyche, a token launchpad for Runes, is one additional application built on top of REE. The platform exposes cross-chain APIs in both Rust and TypeScript, allowing teams to integrate Omnity Hub bridging, deploy Runes liquidity pools via REE, or build entirely new DeFi products on Bitcoin without requiring deep cryptographic expertise. An Omnity Explorer provides real-time tracking of cross-chain transactions processed through the Hub.

Token: OCT and OT

Omnity's native token is OCT (Omnity Convertible Token), originally issued on Ethereum and NEAR as the Octopus Network governance token. As part of the Omnity transition, a new ICP-native governance token called OT was planned with a permanent 1:1 swap to OCT via a bidirectional Ethereum contract. The total supply of both tokens is capped at 100 million. The OT TGE was targeted for Q4 2025 via an SNS (Service Nervous System) auction on ICP, which would distribute 10% of supply to the ICP community while establishing on-chain governance for the protocol.

Solana's Role in the Omnity Stack

Solana functions in Omnity's architecture as both a settlement and execution chain. Through Omnity Hub, Solana-based applications can receive bridged BTC, Runes, and BRC20 assets as SPL tokens backed by native Bitcoin. For Solana users and developers, Omnity represents one of the more technically conservative approaches to Bitcoin liquidity: ICP's chain-key cryptography provides a threshold-secured signing mechanism rather than a multisig council, reducing the trust surface compared to custodial bridges.

Security Model

Omnity inherits ICP's security properties for its Hub operations. ICP subnets running the Hub canisters use threshold ECDSA signatures managed collectively by subnet nodes rather than any single entity, so no single administrator can unilaterally move funds or alter contract state. The Cosmos route integration underwent third-party code auditing; broader audit disclosures for the full Hub and REE system were not published in Omnity's public-facing documentation as of writing.