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Digital to analog converters based on the Josephson effect are promising for voltage standards, because they produce voltage steps with ultimate precision and stability. In this paper, we describe a project to develop a Josephson D/A converter designed for synthesizing a sinusoidal waveform with metrological accuracy. The D/A converter is based on RSFQ (Rapid Single Flux Quantum) logic circuits, and consists of a frequency multiplier (FM), a pulse distributor (PD), and a number of voltage multipliers (VMs). Each VM circuit, corresponding to the n-th bit digital code, multiplies the number of SFQ pulses by a factor of 2/sup n/. By gating the input SFQ pulses from the FM to the VMs using the PD circuits, a programmable output voltage is obtained. Possible sources of uncertainties in the measurement of the rms value of the synthesized sine wave are discussed.