In challenge mode each time you beat a challenge you get a character specific title you will get a silver title for the easy challenges and a Gold titles for the hard challenges! Challenges most also be played in order. Selected titles have been displayed below

Title	How to unlock
Amigo	Beat El Fuerte's 1st Hard challenge
Anti ShoRyuKen	Beat Sagat's 1st Hard challenge
Bath Time	Beat E.Honda's 1st Hard challenge
Blonde Arrow	Beat Cammy's 5th Hard Challenge
Delta Red	Beat Cammy's 1st Hard challenge
Family Man	Beat Guile's 5th Hard challenge
Fists of Fire	Beat Ken's 5th Hard Challenge
Fists of Wind	Beat Ryu's 5th Hard challenge
Flashy Fighter	Beat Fei-long's 5th Hard Challenge
Heavenly Sky	Beat Akuma's 5th Hard challenge
High School Girl	Beat Sakura's 5th Hard Challenge
Hitenryu Kung fu	Beat Fei-long's 1st Hard challenge
Hope You're Ready!	Beat Chun Li's 1st Hard Challenge
I wish i had a family	Beat Abel's 5th Hard challenge
I'm Ready For Ya!	Beat Ken's 1st Hard Challenge
Invinceable Tiger	Beat Sagat's 5th Hard challenge
Jimmy	Beat Blankas 5th Hard challenge
Jungle Boy	Beat Blankas 1st Hard challenge
Legs of Legend	Beat Chun Li's 5th Hard challenge
MESSATSU!!	Beat Akuma's 1st Hard challenge
Red Cyclone	Beat Zangief's 5th Hard challenge
Rice For The Win	Beat Sakura's 1st Hard challenge
Rightous Avenger	Beat Guile's 1st Hard challenge
Ruler Of Darkness	Beat M.Bison's 5th Hard challenge
Samurai Fighter	Beat Ryu's 1st Hard challenge
Seriously Emo	Beat Abel's 1st Hard challenge
Spin It again	Beat Zangief's 1st Hard challenge
Sumo Slammer	Beat E.Honda's 5th Hard challenge
Viva Mexico	Beat El Fuerte's 5th Hard challenge
You Are Beneath Me	Beat M.Bison's 1st Hard challenge