Kraken Parent Payward Joins Anthropic AI Security Project

Payward, the parent of cryptocurrency exchange Kraken, has joined Anthropic's artificial intelligence security initiative.

CoinDesk reported on Aug. 18 that Payward became part of Anthropic's Project Glasswing. The security initiative gives selected companies access to Claude Mitosis 5, an AI model designed to detect and patch software vulnerabilities. Amazon Web Services, Apple, Google, Microsoft and JPMorgan Chase are already participating.

Payward plans to deploy Mitosis 5 across its entire operating environment within the next few weeks. It will feed detected vulnerabilities into its existing security programs. Vulnerabilities found in open-source software will be shared with the maintainers of those projects.

"Security has always been an unfair fight," Payward Co-Chief Executive Officer Arjun Sethi said. "Attackers only need to find one gap, while defenders have to find every gap first, every day. Cutting-edge AI is the first tool that can reverse that asymmetry."

Payward said crypto exchanges, custody systems and payment infrastructure are prime targets for hackers because they operate around the clock. Anthropic has expanded access to Mitosis 5 to the technology and financial sectors after first allowing U.S. government agencies that operate and defend critical infrastructure to use the model. The company plans to widen access further as it puts safeguards in place for broader deployment.