Part of the manufacturing and ongoing maintenance process is to calibrate the DMM against a known standard of superior specification, typically, one with at least 4 times less error that the meter function being calibrated. I don't know if his name has resonance today, but one of the pioneers of electrical technology was Edward Weston who developed a saturated cadmium cell that generated an extremely stable voltage, and was an NIST voltage standard up to the 1990s.
If you are interested in metrology in general, "Standard Cells: Their Construction, Maintenance, and Characteristics", Walter Hamer, 1965, has a history of how voltage standards were developed, although these days the NIST standard is based on Joesphson junctions instead of electochemical cells.
https://www.nist.gov/calibrations/voltage-measurements-calibrations