I got that same token with Sectigo and it works fine. The previous dongle was lost in the mail. I am able to codesign my Xojo apps in Parallels Desktop using a M1 Mac mini.
It’s not the easiest process, but I thought it would be a lot more complicated when they went from all software to hardware-assisted. They also had to validate the company again and it was a bit tedious. But as long as I don’t misplace the token and it keeps on working, I’ll be happy for the next 3 years.