Drain and rinse the soaked cashews.
Place cashews, vegetable broth, nutritional yeast, onion powder, cornstarch (or arrowroot), white miso, lemon juice, Dijon mustard, and garlic powder into a high-speed blender.
Blend on high for about 30 seconds, or until the mixture is completely smooth and creamy.
Pour the blended sauce into a small saucepan and heat over medium, whisking frequently to prevent clumps and sticking, until warmed through and slightly thickened, about 5 minutes.
Remove from heat and season with salt and black pepper to taste, if desired. Serve warm.