Place the butter, almond butter, seeds from the vanilla beans and chocolate chips in a large heatproof bowl set over a pan of barely simmering water. Stir till completely melted. Add the cereal and stir gently but thoroughly till well coated.
Pour mixture into a large ziploc bag, add the confectioner's sugar and shake to coat. Place in a single layer on a foil-lined baking sheet, and let cool. Try to gather the cereal on the sheet in a single layer with as few gaps between the pieces as possible.
Sprinkle with the granulated sugar and either broil or use a torch to caramelize the tops. Let harden, then cover with another piece of foil, followed by a second baking sheet and carefully invert so that the bottoms are now facing upward. Sprinkle with granulated sugar and broil or torch. Let harden and store in an airtight container.
Notes
I like to use Corn Chex but any variety will work.Any nut or seed butter can be used in place of the almond butter.You can use a non-dairy spread (like Earth's Balance) or margarine in place of the butter.Store in an airtight container at room temperature.