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1.  Download and install V-Ray. No need to install the License Server.

2.  Copy cgauth.dll to the V-Ray bin dir ( C:\Program Files\Epic Games\UE_4.23\Engine\Plugins\VRayForUnreal\Source\ThirdParty\VRay_unreal_appsdk\bin )                   

    Copy vray_BRDFScanned.dll to the V-Ray plugins dir ( C:\Program Files\Epic Games\UE_4.23\Engine\Plugins\VRayForUnreal\Source\ThirdParty\VRay_unreal_appsdk\bin\plugins )

3.  Enjoy!


Note:

It might also work with plugins based on V-Ray 4.00.XX for the other host applications, but it's not tested


