I thought that DAC technology had been around since CD players, around 1982. That is a long time.
Apple's iPhone 7 has a DAC built into a $20 adapter cable, surely Schiit' s DAC costing $900 can't be that much different to demand such a premium over Apple.
I worked making DACs for the medical instrumentation industry in the early 70's. Patents for early DACs date back to the late 1930's