Not with a standard cart, but it could certainly be customized to handle license keys. You'd probably have to:
a. add another table to the database for them;
b. modify the checkout process so that the next unused key is allocated to the product and included in the confirmation email and in a new field in the orders_products table;
c. set that key status to used in your keys table.
d. build a new page for the admin section to manage the keys.
Neville
An assumption is what you arrive at when you get tired of thinking...
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