Add white chocolate chips and half and half to a small microwave safe bowl. Heat for 30 seconds and stir. Microwave for an additional 30 seconds, stirring until smooth. Whisk in 2 tablespoons of dulce de leche.
Add white chocolate and caramel mixture to a blender with coffee and ice. Blend until smooth. Pour into 2 glasses. Garnish with whipped cream, white chocolate chips and caramel.