Virtualization.framework was introduced in Big Sur. It builds on top of Hypervisor.framework and is essentially Apple's QEMU (in some ways quite literally, it implements QEMU's pvpanic protocol for example). Before QEMU and other VMMs gained ARM64 Hypervisor.framework support, it was the only way to run virtual machines on ARM Macs and still is the only official way to virtualize ARM macOS.

The new Tahoe framework you're probably thinking of is Containerization, which is a WSL2-esque wrapper around Virtualization.framework allowing for easy installation of Linux containers.