Here is free AladdinHL emulator compatible to win 8.1 x64, latest drivers and also compatible to free Multikey emulator.

zippyshare.com/v/I2iUrLwq/file.html

Need to change registry path to:

[HKEY_LOCAL_MACHINE\System\CurrentControlSet\AladdinHL\1234ABCD]

1234ABCD where is dongle password.