A system and method for providing security key exchange and management prior to the operating system of the server and also provides for executing various security functions to prevent a virus or malicious software from propagating through the server and the network. The system and method utilize the BIOS firmware and baseboard management controller (BMC), which are more secure since they do not rely on open source code for software plug-ins from the user layer. As a result, a secure code can be created for key management with a globally unique identifier (GUID). The system and method provides for a network manager to easily and flexibly manage multiple security keys for a rack server system.