A voltage reference is dynamically and digitally controlled by a digital function. The digital function may be implemented as a digital calculation or look up table. Inputs to the function include a modifiable trim value stored in a trim register, and a substrate temperature value. The preset value of the trim register is a trim preset value generated by cutting fuses and/or leaving fuses uncut. The cutting may be performed using laser trimming-devices. The output of the digital function is a corrected reference trim value that controls the gain of a voltage reference amplifier whose input is a band gap based voltage reference, and whose output is a derived voltage reference. The substrate temperature value is provided by a monolithic temperature monitor whose sensor may be on the same die as the derived voltage reference. The derived voltage reference provides a stable reference voltage that is dynamically and digitally controllable, to a host system that requires a voltage reference.