Denafrips Terminator-Plus R-2R ladder DAC

This is the fourth Denafrips DAC I have reviewed over a short period. The reason for that is simple: each and very model offered more that excellent price/performance. Not surprising that I was very curious about the performance of their flagship model, the Terminator-Plus. Price approx € 6500 including VAT.

Manufacturer:
https://www.denafrips.com

Review sample lent by:
https://www.vinshineaudio.com

Relevant videos:
Configuration videos: https://www.denafrips.com/config-tplus
About my reference setups:   • About my reference setups, November 2020  

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Q&A: Which device is better?:    • Q&A: Which device is better?