Google Cloud is now pulling verified blockchain data straight into BigQuery, and the company doing the indexing behind it is SQD, the network formerly known as Subsquid.
The deal, confirmed through SQD’s enterprise arm, SQD 360, gives Google Cloud customers access to on-chain records that have already been checked for accuracy before they ever reach a query. For a small-cap infrastructure token most retail traders have never heard of, that is a meaningful stamp of enterprise credibility.
SQD Puts Ten Validated Chains Into BigQuery First
Ten blockchain networks are live in BigQuery with complete histories going back to their genesis blocks, even though SQD’s wider network already indexes more than 130 chains. Every block that enters the system passes six separate cryptographic checks, including transaction-root and state-root verification, designed to catch missing or inconsistent entries before analysts ever see them. Google covers the storage costs for these public datasets, and customers pay only after their monthly query processing exceeds the first terabyte, which is free.
Oberhof: “Enterprise-Grade Blockchain Data Has Arrived”
SQD CEO Wanja Oberhof framed the deal as a turning point for how businesses treat blockchain records. “Partnering with Google Cloud Web3 to bring our validated data standard to BigQuery is a defining step for SQD, and a strong signal that enterprise-grade blockchain data has arrived.”
The company has said its broader goal is for blockchain data to be “complete, accurate, and provable,” and, just as importantly, openly accessible rather than locked behind a handful of paid providers.
SQD Token Price Rose 13.5% This Week
The market took notice, though not dramatically. SQD’s token was trading around $0.0345 with a market cap of nearly $44.5 million, up close to 13.5% over the past seven days on the back of the news, per coingecko.
That’s a real move for a token this size, but it needs context: SQD is still sitting roughly 88% below the $0.28 high it hit in June 2025, even after climbing about 45% off its November 2024 low. A cloud partnership with a household name is a genuine credibility boost. It hasn’t come close to reversing the drop over the last 14 months, and traders chasing the headline should know the difference between a good week and a trend reversal.
Google Cloud Has Been Building Blockchain Data Pipelines Since 2018
This isn’t Google’s first blockchain data project, and it helps to know the company’s track record. Google Cloud added Bitcoin datasets to BigQuery in 2018, then expanded to include Ethereum in 2018 and further chains in 2019 and 2023. Google has also worked directly with crypto-native infrastructure before, most notably its 2022 strategic partnership with Coinbase, which put Coinbase’s data platform on Google Cloud and brought Coinbase Cloud Node data into BigQuery for developers.
The SQD deal follows a similar shape: a specialized blockchain data provider filling a gap that Google’s own infrastructure doesn’t cover natively. SQD competes in a field that includes established indexers like The Graph, but its pitch to Google Cloud rests on cryptographic verification rather than raw coverage alone. SQD says later phases will add more chains and “agentic enhancement,” so AI systems can query verified on-chain records inside Google Cloud.
Whether this turns into meaningful revenue for SQD or stays a prestige integration depends on how many enterprise customers actually query the data rather than just read the press release. Google’s storage subsidy lowers the barrier for that testing to happen, but it doesn’t guarantee it. For now, Google Cloud has handed a small, technical protocol a large distribution channel. That is the story. The token print this week is not. Anyone covering SQD from here should watch query volume, not the headline.
Author: Ayanfe Fakunle
The editorial team at #DisruptionBanking has taken all precautions to ensure that no persons or organizations have been adversely affected or offered any sort of financial advice in this article. This article is most definitely not financial advice.
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