VMWare Workstation, Hyper-V, Parallels and QEMU support TPM passthrough and Secure Boot. I am generally using QEMU these days but there are a lot of people that use VirtualBox, particularly since it's free and Remote Desktop into VMs is easy.
Microsoft this week suddenly did an about-face without ample warning and is now enforcing the Windows 11 system requirements on virtual machines (VMs).
Now when Windows Insiders attempt to update their Windows 11 builds running on virtual machines that do not have TPM support or use a small system disk, they will see a message stating, "This PC doesn't currently meet Windows 11 system requirements," as shown below.
www.bleepingcomputer.com
Microsoft this week suddenly did an about-face without ample warning and is now enforcing the Windows 11 system requirements on virtual machines (VMs).
"This build includes a change that aligns the enforcement of the Windows 11 system requirements on Virtual Machines (VMs) to be the same as it is for physical PCs. Previously created VMs running Insider Preview builds may not update to the latest preview builds.
In Hyper-V, VMs need to be created as a Generation 2 VM. Running Windows 11 in VMs in other virtualization products from vendors such as VMware and Oracle will continue to work as long as the hardware requirements are met." - Microsoft.
Now when Windows Insiders attempt to update their Windows 11 builds running on virtual machines that do not have TPM support or use a small system disk, they will see a message stating, "This PC doesn't currently meet Windows 11 system requirements," as shown below.

Windows 11 is no longer compatible with Oracle VirtualBox VMs
Windows 11 is no longer compatible with the immensely popular Oracle VirtualBox virtualization platform after Microsoft changed its hardware requirement policies for virtual machines.