Outlook 2019 Redemption - creating Safe*Item Catastrophic failure

I get the following error when call new Redemption.SafeMailItem():

[6292] VB Error: [-2147418113] - Creating an instance of the COM component with CLSID {741BEEFD-AEC0-4AFF-84AF-4F61D15F5526} from the IClassFactory failed due to the following error: 8000ffff Catastrophic failure (Exception from HRESULT: 0x8000FFFF (E_UNEXPECTED)).

My app: 32 Bit, Windows Server 2019 64 Bit, Office 2019 32 Bit, Redemption.dll Version 5.19.0.5248

regsvr32 for Redemption.dll is done

Using new_SafeMailItem function from RedemptionLoader class throw the same exception.

Any ideas what can be missing?