yes, you can take the key apart and remove the chip.
I did it for a guy a couple of years ago that he lost the red key and the other black key and had no card, I removed the chip and glued it to his antena so he could use any other key and the bike would run as long as the key turned the ign switch.
in order to get the chip you have to remove the ducati logo and remove a pin that locks the metal part of the key to the plastic part, then pull them apart and wala, you have a chip!!!