Place 2 cups of the coconut flakes in a blender and blend on high until coconut is broken down into tiny pieces.
In a large mixing bowl using a hand mixer on medium speed, mix the cream cheese, ground coconut flakes, vanilla extract, ¾ teaspoon matcha tea powder, and powdered erythritol for 1 minute, until creamy.
Cover the mixing bowl with a lid or plastic wrap and refrigerate for 30 minutes.
Remove the cream cheese mixture from the refrigerator and shape into 12 equal sized balls.
In a small shallow mixing bowl mix the remaining matcha tea powder and remaining coconut together. Roll each fat bomb in the coconut mixture.