Stellar Development Foundation (SDF) CEO Denelle Dixon emphasized in an interview with CoinDesk that the future of tokenization does not depend solely on the passage of the 'Clarity Act'.

Mentioning the recent announcement by the Depository Trust & Clearing Corporation (DTCC) to tokenize the custodial assets of its subsidiary, DTC, in collaboration with the Stellar Development Foundation on the Stellar network, CEO Dixon explained, "These decisions indicate that institutional investors' acceptance of public blockchains has entered a new phase. Companies like Franklin Templeton have been developing tokenized products for a while. While the Clarity Act will help the industry, even if the bill does not pass, the adoption of tokenization is unlikely to halt."

Continuing to forecast the expansion of the tokenization ecosystem, he added, "Rather than being concentrated on a single network, tokenized assets are expected to be distributed across multiple public blockchains."