"The world is not just an arena in which you have a fight. The world is part of the fight," says principal programmer Strati Zerbinis.
"You are free to approach missions in different ways, and the world supports and encourages exploration," says Liquid Swords.
Developer Liquid Swords also confirms that the single-player title will be available on PC first, with console versions coming later.
The open-world action game revolves around the concept of debt as protagonist Samson drives and fights to get ahead of mounting interest.
The Sweden-based studio backed by NetEase wants to scale back its development team in order to continue work in a sustainable way.
The studio, founded by former Avalance Studios COO Christofer Sundberg, is currently developing an open world title using Unreal Engine 5.