Real-time simulation is an increasingly popular tool for product development and research in power systems. However, commercial simulators are still quite exclusive due to their costs and they face problems in bridging the gap between two common types of power system simulation, conventional phasor based, and electromagnetic transient simulation. This work describes recent improvements to the open source real-time simulator DPsim to address increasingly important use cases that involve power electronics that are connected to the electrical grid and increasing grid sizes. New power electronic models have been developed and integrated into the DPsim simulator together with techniques to decouple the system solution, which facilitate parallelization. The results show that the dynamic phasors in DPsim, which result from shifted frequency analysis, allow the user to combine the characteristics of conventional phasor and electromagnetic transient simulation. Besides, simulation speed up techniques that are known from the electromagnetic domain and new techniques, specific to dynamic phasors, significantly improve the performance. It demonstrates the advantages of dynamic phasor simulation for future power systems and the applicability of this concept to large scale scenarios.