I'm no expert on the subject, so take all this with a grain of salt...
A fair amount of reading suggests strongly that dry ice is sufficient to convert retained austenite into martensite, in low-alloy steels. The same research indicates it won't do much at all for high-alloy steels, because the chromium and other elements make it more resistant to being converted. It seems that much colder temps (liquid nitrogen) are needed for stainless and tool steels, to make a significant difference.
Another thing to keep in mind is that acetone has an interesting capacity for going "WHOOSH" and burning down your shop under the right/wrong conditions. Kerosene is somewhat less likely to do so, and isopropyl alcohol is "safer" still. But all 3 are flammable. I don't know if putting them in solution with dry ice makes any difference.
Your homeowner's/renter's insurance agent, and local fire marshall will probably have a strong opinion on all this. There's a reason factories are required to keep volatile solvents like acetone in grounded cabinets, and folks generally don't use kerosene lamps anymore.
Not to rain on anyone's parade, but I've become a big believer in letting experienced professionals with serious equipment do my HT, tempering, and cryo-treating for me.
I'm not saying dry ice won't help, but I am certain that firms like Paul Bos and Peters' HT do a better job than I can do in my garage with a kiln and an old cooler. When you start crunching the numbers, it's mighty difficult to compete with them on a cost-per-blade basis, as well.