This paper presents the design of a low-latency, highly linear current-steering DAC for use in continuous-time ADCs. A detailed analysis of equivalent unary-weighted current-steering DAC topologies in terms of mismatch, noise, and output-impedance related distortion is carried out. From this analysis, we propose a tri-level DAC design that achieves 12-bit static linearity and is suitable for implementation in a continuous-time ADC architecture. To reduce output-impedance related distortion, the design combines DAC slice impedance matching with a proposed compensation technique. By incorporating the tri-level DAC in a continuous-time ADC architecture, the technique demonstrates ~ 8dB improvement in DAC dynamic performance at high frequencies over the Nyquist-band at 100MS/s. The DAC has been verified by simulation results in TSMC 1.2V 65nm CMOS technology.