Osmosis is partnering with the Omnity Network established by the ICP, and ckBTC will be connected to the Cosmos ecosystem through Osmosis. In April, the DFINITY Foundation on Monday announced the launch of ckBTC, a liquid and cost-effective "twin" token backed 1:1 by Bitcoin.
The ICP-based uncustodial bitcoin token, ckBTC, will be connected to the Cosmos ecosystem through Osmosis. Osmosis is working with the OmnityNetwork established by ICP to provide a service to bridge uncustodial BTC to Cosmos. CckBTC is a bitcoin token pegged 1:1 to the value of BTC.