As new generations of space grade FPGAs, DSPs, ASICs, memory, and other digital devices enter the market to meet the growing demand for increased bandwidth and data processing speed of the data processors and signal processors on-board a spacecraft, these new digital devices place unprecedented constraints on power supplies. For the large data and signal processor designs where the needs for power and/or current become a critical factor(s), the distributed power architecture (DPA) is often the power system of choice to ensure the optimum system performance. This paper presents the key design features and performances of a new point of load (POL) voltage regulator; one of the key elements of the DPA power system.