Does the new 24" iMac Touch ID keyboard work with Mac's with the T2 Chip?

Solution 1:

The Touch ID feature on the new keyboards only works with the M1 chip.

Implemented wirelessly on Magic Keyboard, it uses a dedicated security component on the keyboard that communicates directly with Secure Enclave in M1, creating an encrypted channel to protect users’ fingerprint data from end to end.

https://www.apple.com/newsroom/2021/04/imac-features-all-new-design-in-vibrant-colors-m1-chip-and-45k-retina-display/?afid=p239%7C10078&cid=aos-us-aff-ir