No, V-Ray 5 works with Online Licensing only. Chaos no longer supports dongles. You can easily migrate to Online licensing before upgrading.
Important: Update Your Chaos Licensing Server by January 28, 2025
To ensure uninterrupted access to your licenses, an essential update is required by January 28, 2025. Failure to update your Chaos licensing Server will result in the loss of access to your licenses.
For detailed instructions, please visit the FAQ Article
To ensure uninterrupted access to your licenses, an essential update is required by January 28, 2025. Failure to update your Chaos licensing Server will result in the loss of access to your licenses.
For detailed instructions, please visit the FAQ Article