Dallas Fed researchers said tokenized deposits could shorten how long customer funds remain at banks and make deposits more sensitive to interest rates.A 10% reduction in the average life of deposits could cut U.S. banks’ maturity transformation capacity by about $580 billion.Faster tokenized transfers could increase deposit volatility and push banks to hold more liquid assets such as reserves and U.S. Treasuries.Major banks are already developing shared tokenized deposit networks as blockchain based payment infrastructure moves toward wider use.