diff --git a/.gitignore b/.gitignore
index aba8e136..b7e9aaa8 100644
--- a/.gitignore
+++ b/.gitignore
@@ -1,6 +1,5 @@
 _build
 _taler_exchange_sql
-assets
-secrets
-!secrets/.keep
 vendors
+assets
+secmod.fat
diff --git a/GNUmakefile b/GNUmakefile
index 839e8dc5..4dde27b3 100644
--- a/GNUmakefile
+++ b/GNUmakefile
@@ -1,4 +1,4 @@
-storage=assets/secmod.fat
+storage=secmod.fat
 service=tap0
 
 vendors_list := \
@@ -50,8 +50,7 @@ clean:
 assets:
 	@cp -r default/assets ./
 
-fat-image:
-	@mkdir -p assets
+secmod.fat:
 	mfat make --sectors=2048 $(storage)
 
 init: clean pin-deps install-deps vendors assets fat-image