Welcome to Microsoft Q&A Platform. Thank you for reaching out & hope you are doing well.
Should this work?
Yes. As per the Microsoft document If you have already added a contoso.com domain to one Microsoft Entra organization, you can also verify the subdomain europe.contoso.com in a different Microsoft Entra organization. When adding the subdomain, you are prompted to add a TXT record in the Domain Name Server (DNS) hosting provider.
Refer this doc:
https://learn.microsoft.com/en-us/entra/identity/users/domains-manage
I hope it helps.
Thanks,
Rohith