Dragonfly’s Tom Schmidt Predicts Growth for Synthetic Dollars Alongside Tokenized Assets

Tom Schmidt, a General Partner at Dragonfly, stated at Korea Blockchain Week 2026 that the expansion of real-world assets (RWAs) on blockchains will drive the growth of synthetic dollars. Schmidt argued that as traditional financial instruments like bonds and funds are tokenized, they provide the necessary components to build more dollar-pegged products. Dragonfly previously invested in the USDe synthetic dollar protocol by Ethena in 2023.