Solution
VeriStand searches for a user-defined variable (UDV) container named "
User-Defined Variables." If you have the UDV container with different name when creating a bitfile from LabVIEW, VeriStand will throw error 537707 when the bitfile is deployed.
Therefore, to resolve this error, make sure to name the UDV container as "
User-Defined Variables" and recompile the bitfile before deploying it from VeriStand.