Dillian Whyte and Alexander Povetkin will show up on a new £2 coin issued by the government of Gibraltar.
The British heavyweight and Russia's Povetkin are etched on the coin to commemorate their rematch which takes place in Gibraltar on 27 March.
"It is a great honour for someone like me to go down in history as the first boxer, and first black man, to feature on sterling currency," said Whyte.
"There's a lot of black people that have done much bigger things than me."
He added: "It's a really special occasion for me and my family. This is why we should never give up on children that come from disadvantaged and troubled backgrounds.
"I can't believe that someone that comes from where I come from and has been through what I've been through can be honoured in this way."
While Gibraltar - an overseas British territory - uses the pound, the island's currency is not used in the United Kingdom.