An emerging area of interest in wireless security is the generation of secret encryption keys by leveraging the features of the physical propagation channel. The shared randomness of the wireless channel between two legitimate nodes in a communication network is exploited to provide strong secrecy. The secret keys are generated based on fluctuations or evolution of the wireless channel state. However, to the best of our knowledge, little work has been performed on algorithms to exploit the increased randomness available to wireless nodes equipped with MIMO antennas. In this paper, we present a practical key generation scheme for MIMO channels based on quantization performed on blind channel estimates. Our schemes generate random keys for transmitter and receiver by simultaneously quantizing the blind channel estimates. Our schemes are simulated for a realistic fading channel model, and performance metrics for error rate and efficiency are provided.