Three ingredients. White chocolate, cream and vanilla. No butter, no icing sugar, and consequently none of the grittiness or teeth-aching sweetness that buttercream brings.
What you get instead is a whipped ganache: silky, light, holds its shape for piping, and tastes of vanilla and cream rather than of sugar.
The catch is that it needs to chill overnight, so this is a plan-ahead frosting rather than a rescue.
Minimum twenty eight percent cocoa butter, and check the packet before you buy.

A lot of what gets sold as white chocolate contains vegetable fat instead of cocoa butter. That matters enormously here, because cocoa butter is the entire setting mechanism. It melts smoothly, then re-crystallises as it chills, and those crystals are what let the ganache whip up thick and stable.
Vegetable fat does not behave that way. Use it and you will get a loose mixture that never firms and never whips.
Chop it finely. Large pieces need more heat to melt through and that is where things go wrong.
Only a third of a cup plus a tablespoon gets heated. The rest stays cold in the fridge until later.
The hot portion melts the chocolate and forms the ganache base. The cold portion goes in afterwards, gradually, and it is what dilutes the mixture to a whippable consistency without ever heating the whole thing.
Heating all the cream would drive off water and throw the ratio out. Watch the saucepan and pull it the moment it simmers.
Pour the hot cream over the chopped chocolate, cover, wait a minute, then whisk until completely smooth. Let it cool five minutes so it is no longer hot.
Then the remaining cold cream goes in gradually, in three additions, whisking between each.
This is about emulsion. Adding it all at once shocks the mixture and the fat separates out, which you will see as a greasy split texture. Three gradual additions keep everything homogeneous, and an emulsified base is the difference between a smooth whipped ganache and a broken one.
If the chocolate has not fully melted before you start adding cold cream, stop. Set the bowl over a pan with an inch of simmering water and stir until it is genuinely smooth.
Plastic wrap pressed directly onto the surface, then into the fridge.
This step cannot be rushed and it is not just about temperature. The cocoa butter crystals that melted need time to re-form, and that re-crystallisation is what stabilises the ganache when you whip it. A ganache chilled for two hours is cold but structurally unready, and it will not hold air.
Properly chilled, it will be thick but still pourable. It does not set firm and that is normal.

Two to three minutes with a whisk attachment until thick, airy and stiff.
Medium speed matters. Gentle whipping creates fine even air bubbles and a smooth texture. High speed forces in large bubbles fast and pushes the mixture toward over-whipped, at which point it goes grainy and there is no recovering it.
Watch it rather than timing it. Different mixers get there at different rates.
Use it straight away, or cover and refrigerate for a few hours until you need it. It makes about four cups, which is enough to frost and fill a layer cake generously.
Weigh the ingredients if you can. The ratios here are doing precise work and cup measurements introduce more variation than this recipe tolerates.
Over-whipped ganache cannot be whipped back to smooth. What sometimes works is warming a small amount gently, then folding it back through to loosen the whole batch. Prevention is easier: stop whipping the moment it holds a peak.
Infuse the hot cream before it meets the chocolate. Citrus zest, coffee beans, a cinnamon stick or tea leaves all work steeped in the hot cream for ten minutes, then strained out before pouring.
A three ingredient whipped white chocolate ganache frosting made with cream and vanilla, chilled overnight and whipped light.
Use real white chocolate with a minimum 28 percent cocoa butter; products made with vegetable fat will not set or whip. Do not let the cream simmer for long or moisture evaporates and the ratio shifts. Add the cold cream in three gradual stages to keep the mixture emulsified. Chill a minimum of 6 hours and preferably overnight, since the cocoa butter needs time to re-crystallise. Whip on medium speed only; high speed causes graininess. Makes about 4 cups. Weigh the ingredients for best results.