"On a MAC with Apple M1 chip, Parallels Desktop uses a new virtualization engine that supports running various ARM-based operating systems in a virtual machine."
Software Requirements :
1. Parallels Desktop 16 for Mac Version 16.5.1
2. Windows 10 Pro - ARM edition Build 21354.co_release.210402-1630
1. Mac with Apple M1 Chip
To install a new virtual machine, you need to use an ARM-based installation image
Please see instructions here
For more details and where to download the Parallels Desktop for Mac with Apple M1 Chip, please visit the Parallels site here
System Requirements for Parallels Desktop can be found here
After you have setup the parallels environment with Windows 10 ARM Edition you are able to install Hatch V2 software afterwards.