[Dallas Fed Researchers Warn Tokenized Deposits May Weaken Banks' Maturity Transformation Ability] Odaily Planet Daily News – Researchers at the Federal Reserve Bank of Dallas (Dallas Fed) have stated that tokenized deposits and 24/7 instant blockchain transfers could weaken bank liquidity and limit their ability to issue long-term loans. The study was authored by Rosie Levy and Srini Ramaswamy. The research highlights that of the $7 trillion maturity risk borne by U.S. banks, approximately 80% is supported by the maturity characteristics of traditional deposits. If the weighted average maturity of deposits shortens by 10%, the banking system's maturity transformation capacity could decrease by approximately $580 billion, potentially increasing liquidity risks and pressure from capital outflows. Kula co-founder Chris Turner noted that the speed of token transfers does not equate to the legal settlement of underlying financial claims. Tokens can be transferred across blockchain networks within seconds, but payment, ownership, and legal claims still rely on banks, custodians, clearing systems, and regulatory registries to complete settlement. (Bitcoin.com News)