90's like industrial LPF+Distortion (with AA)
Oh boy, if you are the same age is me you already know how it sounds, who used this type of sounds A LOT and what that's all about.
If you are not... This is somewhat filter + some kinda cheap distortion. It's not a precise emulation, but this is somewhat like "LPF+Distortion" effect from Ensoniq ASR-10.
v - 0.3 - added AA