In a small saucepan, combine coconut milk, maple syrup, brown sugar, and coconut oil. Bring to a gentle boil over medium heat, stirring frequently.
Reduce to a simmer and cook for 10–15 minutes, stirring occasionally, until the caramel thickens and darkens slightly.
Remove from heat and whisk in cashew butter, vanilla extract, and salt. It should be smooth, glossy, and stretchy—almost like a dulce de leche vibe. Let it cool slightly while you prep the chocolate.
For the Chocolate Coating:
In a heatproof bowl, melt the chocolate and coconut oil together over a double boiler or in the microwave (30-second intervals, stirring between each, until smooth).
Assemble the Rolos:
Use a silicone mini muffin pan or candy mold for easy release.
Spoon about 1 teaspoon of melted chocolate into each mold. Use the back of a spoon or pastry brush to coat the sides. Freeze for 5 minutes to set.
Roll the caramel into balls. Add a cramel ball into the center of each mold with set chocolate.
Top with more melted chocolate to seal and smooth the tops. Chill in the fridge or freezer until fully set (about 30 minutes).
Notes
I love using dairy-free milk chocolate for dipping purposes. Enjoy Life has vegan milk chocolate chips that are perfect. I find I don't even have to add coconut oil when I use this chocolate because it melts very smoothly.If you're using dark or semi-sweet chocolate, adding coconut oil helps thin out the chocolate so it's easier to dip, but it's not required.