A virtual trusted platform module function implementation method is provided, the method is executed at an exception level EL3 of a processor that uses an ARM V8 architecture, and the method includes: generating, according to requirements of one or more VMs, one or more vTPM instances corresponding to each VM, and storing the generated one or more vTPM instances in preset secure space, where each vTPM instance has a dedicated instance communication queue for a VM corresponding to itself to use, and a physical address is allocated to each instance communication queue; and interacting with a VMM and the VM, so that the VM acquires a VM communication queue virtual address, in VM virtual address space, corresponding to a communication queue physical address of the vTPM instance, and the VM communicates with a vTPM instance communication queue by using the VM communication queue virtual address.