Basically rather than using a chip to convert, they put together multiple current switches (from Intersil, a specialist in optoelectronics), which in turn form a 20-bit discrete digital to analog conversion network.
pics from review33 website
At the time, this is the only method to get more than 16-bit resolution as all chips were only 14 to 16-bits. Martin Colloms of Hifi-News and Record Review, the UK publication, gave the DP-70v the highest mark possible from digital players of its day, I was drolling. It was, however, very expensive and difficult to get the matching and production done properly, Accuphase ditched the technology and opt for traditional IC-based machines in later models.Discrete components, contrary to popular belief, are made to last. So if anyone find a used one for sale, grab it. It's a classic - and I bet it sounds as good as, if not better, than newer modern DACs. I'm also a buyer so if you see someone selling it, please let me know!