Many applications of Single-Flux-Quantum (SFQ) circuits will rely on t
he transfer of multi-Gigabit per second data streams from SFQ logic to
semiconductor logic for further processing, The low output voltages o
f superconducting circuits currently limit the data rate per channel t
o a few GHz. We have designed and fabricated a SFQ demultiplexer to re
duce data transfer clock rates. The demultiplexer uses clocked data di
stribution through a binary tree architecture. The circuit was fabrica
ted using era eight level Nb/AlOx/Nb process and tested at 4.2K.