I followed the steps outlined in Custom meta layers, recipes and images in Yocto Project (hello-world examples) and it seems like there are some updates required to support the Verdin. Specifically, how u-boot is told about the new device tree needs to be updated.
The example in the web page is for the Colibri where u-boot include file has a definition for the FDT_FILE which gets replaced. For the Verdin, there is some other mechanism at play. Somewhere in the build system logs I found:
u-boot-initial-env-verdin-imx8mm-sd-2020.04-r0:6:preboot=setenv fdtfile imx8mm-verdin-${variant}-${fdt_board}.dtb
where the variant for me shows up as wifi and the fdt_board is defined in the u-boot include/configs/verdin-imx8mm.h file. I made my device tree conform to this naming convention (e.g., imx8mm-verdin-wifi-custom.dts) and updated my u-boot-toradex_%.bbappend to read:
sed -i 's/fdt_board=dev/fdt_board=custom/' ${S}/include/configs/verdin-imx8mm.h
Of note here, the default u-boot ftd_board variable is set to dev, even when using the Dahlia. I may have been overlooking something here too, but it could be that using the tdx-reference-minimal-image build target will always use the dev carrier board.
Is there a better way to be doing this? If nothing else, this post can help others who are struggling with the same issues.