diff --git a/Cargo.toml b/Cargo.toml
index 6c12c3205..40a5055f5 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -12,6 +12,7 @@ members = [
 	"parity-path",
 	"plain_hasher",
 	"rlp",
+	"runtime",
 	"transaction-pool",
 	"trace-time",
 	"triehash",
diff --git a/runtime/CHANGELOG.MD b/runtime/CHANGELOG.MD
new file mode 100644
index 000000000..59d2c7ffe
--- /dev/null
+++ b/runtime/CHANGELOG.MD
@@ -0,0 +1,11 @@
+# Changelog
+
+The format is based on [Keep a Changelog].
+
+[Keep a Changelog]: http://keepachangelog.com/en/1.0.0/
+
+## [Unreleased]
+
+## [0.1.1] - 2019-11-25
+### Changed
+- Moved to parity common repo, prepared for publishing (https://github.com/paritytech/parity-common/pull/271)
diff --git a/runtime/Cargo.toml b/runtime/Cargo.toml
new file mode 100644
index 000000000..ca53759a0
--- /dev/null
+++ b/runtime/Cargo.toml
@@ -0,0 +1,19 @@
+[package]
+name = "parity-runtime"
+version = "0.1.1"
+authors = ["Parity Technologies <admin@parity.io>"]
+edition = "2018"
+
+description = "Tokio runtime wrapper"
+license = "GPL-3.0"
+readme = "README.md"
+homepage = "https://www.parity.io/"
+keywords = ["parity", "runtime", "tokio"]
+include = ["Cargo.toml", "src/**/*.rs", "README.md", "CHANGELOG.md"]
+
+[dependencies]
+futures = "0.1"
+tokio = "0.1.22"
+
+[features]
+test-helpers = []
\ No newline at end of file
diff --git a/runtime/README.MD b/runtime/README.MD
new file mode 100644
index 000000000..7cda2a31f
--- /dev/null
+++ b/runtime/README.MD
@@ -0,0 +1,6 @@
+# parity-runtime
+
+Wrapper over tokio runtime. Provides:
+- Customizable runtime with ability to spawn it in different thread models
+- Corresponding runtime executor for tasks
+- Runtime handle
diff --git a/runtime/examples/simple.rs b/runtime/examples/simple.rs
new file mode 100644
index 000000000..6448bcbf6
--- /dev/null
+++ b/runtime/examples/simple.rs
@@ -0,0 +1,41 @@
+// Copyright 2015-2020 Parity Technologies (UK) Ltd.
+// This file is part of Parity Ethereum.
+
+// Parity Ethereum is free software: you can redistribute it and/or modify
+// it under the terms of the GNU General Public License as published by
+// the Free Software Foundation, either version 3 of the License, or
+// (at your option) any later version.
+
+// Parity Ethereum is distributed in the hope that it will be useful,
+// but WITHOUT ANY WARRANTY; without even the implied warranty of
+// MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE.  See the
+// GNU General Public License for more details.
+
+// You should have received a copy of the GNU General Public License
+// along with Parity Ethereum.  If not, see <http://www.gnu.org/licenses/>.
+
+//! Simple example, illustating usage of runtime wrapper.
+
+use futures::{Future, Stream};
+use parity_runtime::Runtime;
+use std::thread::park_timeout;
+use std::time::Duration;
+use tokio::fs::read_dir;
+
+/// Read current directory in a future, which is executed in the created runtime
+fn main() {
+	let fut = read_dir(".")
+		.flatten_stream()
+		.for_each(|dir| {
+			println!("{:?}", dir.path());
+			Ok(())
+		})
+		.map_err(|err| {
+			eprintln!("Error: {:?}", err);
+			()
+		});
+	let runtime = Runtime::with_default_thread_count();
+	runtime.executor().spawn(fut);
+	let timeout = Duration::from_secs(3);
+	park_timeout(timeout);
+}
diff --git a/runtime/src/lib.rs b/runtime/src/lib.rs
new file mode 100644
index 000000000..acb1e4b6e
--- /dev/null
+++ b/runtime/src/lib.rs
@@ -0,0 +1,198 @@
+// Copyright 2015-2020 Parity Technologies (UK) Ltd.
+// This file is part of Parity Ethereum.
+
+// Parity Ethereum is free software: you can redistribute it and/or modify
+// it under the terms of the GNU General Public License as published by
+// the Free Software Foundation, either version 3 of the License, or
+// (at your option) any later version.
+
+// Parity Ethereum is distributed in the hope that it will be useful,
+// but WITHOUT ANY WARRANTY; without even the implied warranty of
+// MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE.  See the
+// GNU General Public License for more details.
+
+// You should have received a copy of the GNU General Public License
+// along with Parity Ethereum.  If not, see <http://www.gnu.org/licenses/>.
+
+//! Tokio Runtime wrapper.
+
+use futures::{future, Future, IntoFuture};
+use std::sync::mpsc;
+use std::{fmt, thread};
+pub use tokio::runtime::{Builder as TokioRuntimeBuilder, Runtime as TokioRuntime, TaskExecutor};
+pub use tokio::timer::Delay;
+
+/// Runtime for futures.
+///
+/// Runs in a separate thread.
+pub struct Runtime {
+	executor: Executor,
+	handle: RuntimeHandle,
+}
+
+impl Runtime {
+	fn new(runtime_bldr: &mut TokioRuntimeBuilder) -> Self {
+		let mut runtime = runtime_bldr.build().expect(
+			"Building a Tokio runtime will only fail when mio components \
+			 cannot be initialized (catastrophic)",
+		);
+		let (stop, stopped) = futures::oneshot();
+		let (tx, rx) = mpsc::channel();
+		let handle = thread::spawn(move || {
+			tx.send(runtime.executor()).expect("Rx is blocking upper thread.");
+			runtime
+				.block_on(futures::empty().select(stopped).map(|_| ()).map_err(|_| ()))
+				.expect("Tokio runtime should not have unhandled errors.");
+		});
+		let executor = rx.recv().expect("tx is transfered to a newly spawned thread.");
+
+		Runtime {
+			executor: Executor { inner: Mode::Tokio(executor) },
+			handle: RuntimeHandle { close: Some(stop), handle: Some(handle) },
+		}
+	}
+
+	/// Spawns a new tokio runtime with a default thread count on a background
+	/// thread and returns a `Runtime` which can be used to spawn tasks via
+	/// its executor.
+	pub fn with_default_thread_count() -> Self {
+		let mut runtime_bldr = TokioRuntimeBuilder::new();
+		Self::new(&mut runtime_bldr)
+	}
+
+	/// Spawns a new tokio runtime with a the specified thread count on a
+	/// background thread and returns a `Runtime` which can be used to spawn
+	/// tasks via its executor.
+	#[cfg(any(test, feature = "test-helpers"))]
+	pub fn with_thread_count(thread_count: usize) -> Self {
+		let mut runtime_bldr = TokioRuntimeBuilder::new();
+		runtime_bldr.core_threads(thread_count);
+
+		Self::new(&mut runtime_bldr)
+	}
+
+	/// Returns this runtime raw executor.
+	#[cfg(any(test, feature = "test-helpers"))]
+	pub fn raw_executor(&self) -> TaskExecutor {
+		if let Mode::Tokio(ref executor) = self.executor.inner {
+			executor.clone()
+		} else {
+			panic!("Runtime is not initialized in Tokio mode.")
+		}
+	}
+
+	/// Returns runtime executor.
+	pub fn executor(&self) -> Executor {
+		self.executor.clone()
+	}
+}
+
+#[derive(Clone)]
+enum Mode {
+	Tokio(TaskExecutor),
+	// Mode used in tests
+	#[allow(dead_code)]
+	Sync,
+	// Mode used in tests
+	#[allow(dead_code)]
+	ThreadPerFuture,
+}
+
+impl fmt::Debug for Mode {
+	fn fmt(&self, fmt: &mut fmt::Formatter) -> fmt::Result {
+		use self::Mode::*;
+
+		match *self {
+			Tokio(_) => write!(fmt, "tokio"),
+			Sync => write!(fmt, "synchronous"),
+			ThreadPerFuture => write!(fmt, "thread per future"),
+		}
+	}
+}
+
+#[derive(Debug, Clone)]
+pub struct Executor {
+	inner: Mode,
+}
+
+impl Executor {
+	/// Synchronous executor, used for tests.
+	#[cfg(any(test, feature = "test-helpers"))]
+	pub fn new_sync() -> Self {
+		Executor { inner: Mode::Sync }
+	}
+
+	/// Spawns a new thread for each future (use only for tests).
+	#[cfg(any(test, feature = "test-helpers"))]
+	pub fn new_thread_per_future() -> Self {
+		Executor { inner: Mode::ThreadPerFuture }
+	}
+
+	/// Spawn a future on this runtime
+	pub fn spawn<R>(&self, r: R)
+	where
+		R: IntoFuture<Item = (), Error = ()> + Send + 'static,
+		R::Future: Send + 'static,
+	{
+		match self.inner {
+			Mode::Tokio(ref executor) => executor.spawn(r.into_future()),
+			Mode::Sync => {
+				let _ = r.into_future().wait();
+			}
+			Mode::ThreadPerFuture => {
+				thread::spawn(move || {
+					let _ = r.into_future().wait();
+				});
+			}
+		}
+	}
+}
+
+impl<F: Future<Item = (), Error = ()> + Send + 'static> future::Executor<F> for Executor {
+	fn execute(&self, future: F) -> Result<(), future::ExecuteError<F>> {
+		match self.inner {
+			Mode::Tokio(ref executor) => executor.execute(future),
+			Mode::Sync => {
+				let _ = future.wait();
+				Ok(())
+			}
+			Mode::ThreadPerFuture => {
+				thread::spawn(move || {
+					let _ = future.wait();
+				});
+				Ok(())
+			}
+		}
+	}
+}
+
+/// A handle to a runtime. Dropping the handle will cause runtime to shutdown.
+pub struct RuntimeHandle {
+	close: Option<futures::sync::oneshot::Sender<()>>,
+	handle: Option<thread::JoinHandle<()>>,
+}
+
+impl From<Runtime> for RuntimeHandle {
+	fn from(el: Runtime) -> Self {
+		el.handle
+	}
+}
+
+impl Drop for RuntimeHandle {
+	fn drop(&mut self) {
+		self.close.take().map(|v| v.send(()));
+	}
+}
+
+impl RuntimeHandle {
+	/// Blocks current thread and waits until the runtime is finished.
+	pub fn wait(mut self) -> thread::Result<()> {
+		self.handle.take().expect("Handle is taken only in `wait`, `wait` is consuming; qed").join()
+	}
+
+	/// Finishes this runtime.
+	pub fn close(mut self) {
+		let _ =
+			self.close.take().expect("Close is taken only in `close` and `drop`. `close` is consuming; qed").send(());
+	}
+}