The trace isn't super useful since it only contains one frame.
The game has some anti-cheat bullshit which may be preventing it from running with modified DLLs.
@dumpsters I can get to login menu by disabling the animated/video login menu background.
Try to go into the game without dxvk and set the login menu to image and then launch with dxvk again and see if it fixes it. Or in the game.ini change ImageBasedLogin=False to True.
Also remember to use the 32bit dxvk version since only the launcher seems to be 64. game exe is 32bit.
And yes before i got it launching with dxvk like this it crashes the same way with apitrace as dxvk.
I thought it would be some anti-cheat fuckery but perhaps not? Can confirm @Blisto91 is right, it works once you toggle that setting on. Performance seems to be about the same in town with many people from what I've noticed. Garden of Freedom 30 fps or more boost over vanilla at some points, less framedrops when turning the camera as well.
Warning to those willing to try DXVK though

New working apitrace and logs in case it is of any use:
https://mega.nz/file/PVYzTKrI#xD1FmQoOftKykfmF1NkRIYOdT0JLSac68oXQJrLawSk
Game_d3d9.log
Thanks guys.
DXVK_LOG_LEVEL=debugx1 2022-04
Priston Tale (European version) crashes on launch
Software information
Priston Tale, default settings
API Trace made on windows
System information
Apitrace file(s)
https://mega.nz/file/jVBUjQAC#Lj-irhnkx8o_VVxN6cbyQZXR6j3RjsqOloIjnD8r_Vk
Log files
Game_d3d9.log