Peel, seed, and dice the butternut squash into smaller cubes. Peel and chop the onion and garlic.
Heat the olive oil in a pot over medium heat. Add the onion and garlic and sauté for 3-4 minutes, until translucent.
Add the butternut squash cubes and sauté for 5 minutes, allowing them to caramelize slightly for a more intense flavor.
Pour in the vegetable broth and bring to a boil. Reduce heat to medium and simmer for 20 minutes, or until the butternut squash is completely tender.
Use an immersion blender to purée the soup until smooth. Stir in the heavy cream, honey, ground nutmeg, and cinnamon.
Season with salt and black pepper. Cook for another 2-3 minutes to allow the flavors to meld.
Serve garnished with toasted walnuts, and optionally drizzle with a little heavy cream or olive oil for a beautiful presentation.
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